Paysafecard Casino Guide – What is it and how does it work?
Paysafecard is a pre-payment card that can be bought for cash in thousands of different locations throughout the United Kingdom and well over forty other countries too. Cards can be bought in at least forty different currencies in addition to the British pound, from well over half a million different locations worldwide. Each card contains a 16 digit PIN code which can then be used to pay for goods and services online.
Cards can be bought in the UK just about anywhere. It is available from many high street stores, such as WH Smith and Poundland, most post offices and even some big name supermarkets. It can also be bought from many local convenience stores including McColl’s and One Stop, many corner shops and even some petrol stations. This flexibility means that it can usually be found relatively close by in even the most rural locations, while in urban areas it is likely to be available just round the corner.
Its ability to be used by just about anyone makes it an indispensable form of payment for online stores and services, because otherwise people without formal banking arrangements would find it very difficult to make purchases online. The ability to do this must now surely be considered an essential need in today’s highly connected world.
Cards can be bought in a variety of different denominations. Values available start at £10 and single cards can be bought at all participating stores up to a maximum of £100. Higher value cards of up to £175 can be purchased at stores displaying the yellow Pay Point (PP) signs.
Paysafecard is flexible in other ways too. You can use more than one at a time to pay for higher priced goods. Also, you do not have to spend the entire value of the card at once. You don’t get any change, but whatever value is left on the card after your purchase remains on the card and can be used at a later date for another sale.
When paying online, you just need to give the 16 digit PIN which is unique to every card in order to authorise the transaction.
How much does it cost?
There are no charges or fees to pay when you buy Paysafecard. There is also no charge for using it to make a payment in most cases. Typical purchases within the UK are fee free. Instead, the retailer or vendor from whom you are buying pays a small commission for accepting your card. The only common exception is if there is any form of currency conversion involved. In these cases, a 2% currency conversion fee is applied.
One factor to watch however is that you should try to spend your card within six months of purchase. This is because a £3 monthly service fee applies from this point.
A further point to bear in mind is that it is vital that you do not lose your card. Paysafecard is much like cash in this respect and cannot be replaced if lost. You should also ensure that you keep your card’s unique PIN secret too. This is because if anyone else has access to the code they can spend your money: it is the number that is crucial, not the card itself, so keep it hidden and secure.
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Financial Regulation
Paysafecard is a safe and secure form of payment. The company which owns and operates Paysafecard is part of a major financial conglomerate which includes other common online payments such as Neteller and Skrill. The headquarters for the Paysafecard Group are situated in Vienna in Austria. Paysafecard is authorised and fully regulated for the UK market by the Financial Conduct Authority (FCA)
Paysafecard and Jumpman Gaming
Paysafecard is always provided as a payment option at Jumpman Gaming casinos and bingo sites. Just look for the Paysafecard icon when you make a deposit at your chosen casino or site.
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